Dorel Industries (OTCMKTS:DIIBF) Issues Earnings Results, Misses Expectations By $1.58 EPS

Dorel Industries (OTCMKTS:DIIBF) released its quarterly earnings results on Tuesday. The company reported ($1.82) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.24) by ($1.58), Zacks reports. Dorel Industries had a negative return on equity of 29.17% and a negative net margin of 7.32%.

Dorel Industries Price Performance

Dorel Industries stock traded down $0.02 during midday trading on Tuesday, reaching $2.56. 107 shares of the company were exchanged, compared to its average volume of 6,223. The company has a market capitalization of $83.43 million, a price-to-earnings ratio of -0.81 and a beta of 2.66. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.46 and a current ratio of 0.94. The firm’s 50-day simple moving average is $3.15 and its 200-day simple moving average is $3.56. Dorel Industries has a 1 year low of $2.36 and a 1 year high of $5.53.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on DIIBF shares. BMO Capital Markets upgraded shares of Dorel Industries to a “hold” rating in a report on Monday, November 18th. TD Securities cut shares of Dorel Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 18th.

About Dorel Industries

Dorel Industries Inc engages in the design, manufacture, sourcing, marketing, and distribution of home and juvenile products worldwide. The company operates through Dorel Home and Dorel Juvenile segments. The Dorel Home segment offers ready-to assemble furniture and home furnishings products, including metal folding furniture, futons, children's furniture, step stools, hand trucks, ladders, outdoor furniture, and other imported furniture items.